BRENT CRUDE OIL - Brent (ICE) (X4) MT: under pressure - 10/06/2014 (GMT)
- 413
- 0
- Chart + Price target(s)
- Target : Lower
- |
- Target 1 : 90,8
- |
- Target 2 : 88,5
- |
- Invalidation threshold : 98
- Timeframe : 30 min.
BRENT CRUDE OIL Chart
Our preference: Short positions below 98 with targets @ 90.8 & 88.5 in extension.
Alternative scenario: Above 98 look for further upside with 103 & 107 as targets.
Comment: The RSI has broken down its 30 level. The commodity remains within the bearish channel and the declining 50-day moving average maintains downside pressure.
Alternative scenario: Above 98 look for further upside with 103 & 107 as targets.
Comment: The RSI has broken down its 30 level. The commodity remains within the bearish channel and the declining 50-day moving average maintains downside pressure.
This member did not declare if he had a position on this financial instrument or a related financial instrument.
Add a comment
Comments
0 comments on the analysis BRENT CRUDE OIL - 30 min.